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Energy

Oil Rises Despite Rising Oil, Product Inventories

Feb 13, 2019 at 09:49 | Irina Slav

Crude oil prices inched down today after the Energy Information Administration reported a crude oil inventory build of 3.6 million barrels for the week to February 8. This compares…

Oil Prices Rise On Larger-Than-Expected OPEC Production Cuts

Feb 13, 2019 at 08:58 | Tsvetana Paraskova

Oil prices rose early on Wednesday, supported by a renewed commitment of OPEC and its de facto leader and biggest producer Saudi Arabia to cut deeper than pledged and do…

Fifty Shades Of Shale Oil

Feb 12, 2019 at 16:33 | Nawar Alsaadi

The rise of U.S. tight oil production over the last several years has upended the oil market and challenged OPEC’s hold on oil prices. This seemingly relentless growth in U.S.…

OPEC’s Next Big Crisis

Feb 12, 2019 at 16:16 | Nick Cunningham

OPEC is having some success in heading off another oil market downturn, but over the medium-term the cartel faces much more serious risks. “OPEC's production growth outlook over the medium…

Hedge Funds Unsure Where Oil Prices Are Going

Feb 12, 2019 at 16:07 | Tsvetana Paraskova

Following an optimistic start to the year and the best January ever for oil prices, hedge funds and other money managers began the month of February more cautiously as…

Texas Oil Production Breaks New Record

Feb 12, 2019 at 13:54 | Tim Daiss

The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty…

Oil Market Tightens On OPEC Cuts

Feb 12, 2019 at 12:55 | Tom Kool

Oil prices rose on Tuesday afternoon as Saudi Arabia pledged deeper cuts in March while its biggest partner in the deal, Russia has failed to commit to its part of…

Is A Natural Gas Cartel Forming?

Feb 12, 2019 at 11:39 | David Woroniuk

It has now been over two months since Qatar made the decision to leave OPEC, with many analysts providing informed views on Qatar’s future energy strategy. This article…

Oil Jumps As Saudis Plan Further Production Cuts

Feb 12, 2019 at 09:20 | Irina Slav

Saudi Arabia plans to reduce its crude oil production further, to 9.8 million bpd in March, Energy Minister Khalid al-Falih said in an interview for the Financial Times. This…

The Biggest Threat To Oil Market Stability

Feb 11, 2019 at 17:19 | Nick Cunningham

The oil market should be mostly balanced this year, although “policy risk” will be a much larger driver for oil prices than the underlying fundamentals, according to a new report…

An Unexpected Bullish Factor For Oil

Feb 11, 2019 at 17:14 | Nick Cunningham

U.S. shale drilling activity is set to slow this year as companies respond to lower oil prices. However, a lower WTI price is not the only reason for…

Rosneft Boss Wants Russia Out Of OPEC Deal

Feb 11, 2019 at 16:59 | Irina Slav

Rosneft’s chief executive Igor Sechin wants Russia to quit its production control deal with OPEC, Reuters reported last week, citing sources that have seen a letter Sechin wrote to…

Which Oil Giant Generates The Most Cash?

Feb 11, 2019 at 13:38 | Tsvetana Paraskova

As the oil supermajors surpassed estimates with strong Q4 and 2018 earnings, Shell beat Exxon—for a second year running—to affirm itself as Big Oil’s biggest cash flow generator. Shell, which…

Venezuela’s Oil Production Could Fall Below 700,000 Bpd Next Year

Feb 11, 2019 at 13:31 | Rystad Energy

Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling from 2.4 million barrels per day (bpd) in 2015 to only 1.34…

Nord Stream 2 Was Always A Done Deal

Feb 11, 2019 at 13:03 | Vanand Meliksetian

Europe’s position as an arena for great power rivalry ended after the Cold War. In recent days, however, the continent has, again, become a theatre of conflict. Only this time…

U.S. Sanctions, OPEC Cuts Create Rare Oil Price Shakeup

Feb 11, 2019 at 11:56 | Tsvetana Paraskova

Due to tighter supply of medium and heavy sour crude oil, Middle Eastern benchmarks for sour crude grades have been trading higher than Brent Crude prices since the beginning of…

Green New Deal Critics See Red

Feb 11, 2019 at 10:37 | Leonard Hyman & William Tilles

The Green New Deal, (GND) a catch-all composite of environmental and social welfare programs, led by Member of Congress Alexandra Ocasio-Cortes (D-NY) and Senator Ed Markey (D-MA) calls for “a…

Maduro Asks OPEC For Help As U.S. Sanctions Bite

Feb 11, 2019 at 09:23 | Tsvetana Paraskova

Nicolas Maduro has asked OPEC to support one of its founding members—Venezuela—against the U.S. sanctions on the Latin American country’s oil industry and denounce the “shameless dispossession” of Venezuelan assets,…

Washington Eyes Crackdown On OPEC

Feb 08, 2019 at 17:20 | Nick Cunningham

Legislation targeting OPEC is suddenly gaining steam in the U.S. Congress, raising alarm bells for the cartel. On Thursday, the House Judiciary Committee passed a bill that would allow the…

Tax Cuts Or Not, Mexico’s Pemex Is Doomed

Feb 08, 2019 at 17:19 | Haley Zaremba

Last week a hefty package of $3.5 billion worth of tax cuts were granted to the struggling state oil company Petroleos Mexicanos (Pemex) to be spread over the next six…

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